Universal's Insurance Subsidiaries Complete 2024-2025 Reinsurance Program
UNIVERSAL INSURANCE HOLDINGS INC (UVE)
NASDAQ:AMEX Investor Relations:
universalinsuranceholdings.com
Company Research
Source: Business Wire
Successfully secured a combined UPCIC and APPCIC catastrophe reinsurance program with no material changes to historical reinsurance partners or terms and conditions.Replaced $217M of cost-free Reinsurance to Assist Policyholders (RAP) coverage and $150M of expiring catastrophe bond coverage in the traditional reinsurance market.Total cost of the 2024-2025 reinsurance program for UPCIC and APPCIC projected to be approximately 33.0% of estimated direct earned premium for the 12-month treaty period, compared to 31.8% at this time last year, reflecting a modest 1.2-point year over year increase despite our demand for private market capacity increasing significantly.The largest private reinsurance participants all maintain a rating from AM Best of ‘A’ or higher (Nephila Capital, Markel, RenaissanceRe, Munich Re, Chubb Tempest Re, Ariel Re, Everest Re and Lloyd’s of London syndicates). FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or
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News
- 100-bagger stocks: These 10 stocks are up more than 100x over the past 20 years [Yahoo! Finance]Yahoo! Finance
- Investors in Universal Insurance Holdings (NYSE:UVE) have unfortunately lost 17% over the last five years [Yahoo! Finance]Yahoo! Finance
- Universal's Insurance Subsidiaries Complete 2024-2025 Reinsurance Program [Yahoo! Finance]Yahoo! Finance
- NormanMax, Apollo launch parametric insurance Syndicate 3939 [Yahoo! Finance]Yahoo! Finance
- Universal Insurance Holdings, Inc. (NYSE: UVE) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
UVE
Earnings
- 4/25/24 - Beat
UVE
Sec Filings
- 6/20/24 - Form 3
- 6/17/24 - Form 4
- 6/17/24 - Form 4
- UVE's page on the SEC website